The Value Added Tax Regulations 1995 No. 2518

PART XIX U.K. BAD DEBT RELIEF (THE NEW SCHEME)

Modifications etc. (not altering text)

C1 Pt. 19 modified (except reg. 171) (temp.) (27.7.1999 until 1.12.1999, see S.I. 1999/3029, reg. 5) by Finance Act 1999 (c. 16), s. 15(4)(5)

[F1 Notice to purchaser of claim U.K.

166A.   Where the purchaser is a taxable person [F2 , and the relevant supply was made before 1st January 2003,] the claimant shall not before, but within 7 days from, the day he makes a claim give to the purchaser a notice in writing containing the following information—

(a) the date of issue of the notice;

(b) the date of the claim;

(c) the date and number of any VAT invoice issued in relation to each relevant supply;

(d) the amount of the consideration for each relevant supply which the claimant has written off as a bad debt;

(e) the amount of the claim.]

Textual Amendments

F1 Reg. 166A and heading inserted (1.5.1997) by The Value Added Tax (Amendment) Regulations 1997 (S.I. 1997/1086), regs. 1, 12

F2 Words in reg. 166A inserted (1.1.2003) by The Value Added Tax (Amendment) (No. 4) Regulations 2002 (S.I. 2002/3027), regs. 1, 3